MARION BOULTON KIPPY STROUD FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- MARION BOULTON KIPPY STROUD FOUNDATION (EIN 23-2932167)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-08-01
- IRS object ID
- 202332139349100223
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-08-01T12:18:37-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 230382195 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BALLARD SPAHR LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1735 MARKET STREET 51ST FLOOR | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 232932167 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARION BOULTON KIPPY STROUD FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | STRO | BusinessNameControlTxt |
| Phone | 2158648175 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | BALLARD SPAHR 1735 MARKET ST FL51 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANN T LOFTUS | PersonNm |
| Person Title | CHAIR. | PersonTitleTxt |
| Phone | 2158648175 | PhoneNum |
| Signature | 2023-07-25 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ANN | PersonFirstNm |
| Person Last | LOFTUS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ARTHUR AU | PreparerPersonNm |
| PTIN | P00751564 | PTIN |
| Phone | 2158648342 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $47,109,649 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $573 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $996,972 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $996,972 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $266,642 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,798,858 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $266,642 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,264,187 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,263,614 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $12,279 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $12,279 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $5,540 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $5,540 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $1,388 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $1,388 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $57,057 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $48,557 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $5,459 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $5,459 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $90,162 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $86,423 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $3,739 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $171,885 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $91,963 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $71,422 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,738,237 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,738,237 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,910,122 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $91,963 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,809,659 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$2,645,935 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,171,651 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $84,090 | CashBOYAmt |
| Cash EOY | $97,661 | CashEOYAmt |
| Cash EOYFMV | $97,661 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $546,475 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $343,447 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $343,447 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $43,838,309 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $41,310,148 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $46,668,541 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $44,468,874 | TotalAssetsBOYAmt |
| Total Assets EOY | $41,751,256 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $47,109,649 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $44,468,874 | CapitalStockBOYAmt |
| Capital Stock EOY | $41,751,256 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $44,468,874 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $41,751,256 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $44,468,874 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $41,751,256 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $44,468,874 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$2,645,935 | ExcessRevenueOverExpensesAmt |
| Other Increases | $2,333 | OtherIncreasesAmt |
| Subtotal | $41,825,272 | SubtotalAmt |
| Other Decreases | $74,016 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $41,751,256 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (12 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|---|
| KARL WIRSUM UNTITLED ACRYLIC ON PAPER COLLAGE | D | 2015-08-25 | 2022-04-23 | $1,680 | $1,680 | $1,680 | |
| JAMES CASTLE UNTITLED LANDSCAPE | D | 2015-08-25 | 2022-04-23 | $6,400 | -$7,600 | -$7,600 | $14,000 |
| VANGUARD INTER-TERM INVEST-GR | 2022-12-08 | $188,748 | -$35,317 | -$35,317 | $224,065 | ||
| VANGUARD SHORT-TERM INVEST-GR | 2022-02-03 | $23,162 | -$396 | -$396 | $23,558 | ||
| VANGUARD SHORT-TERM INVEST-GR | 2022-05-05 | $22,418 | -$1,416 | -$1,416 | $23,834 | ||
| VANGUARD SHORT-TERM INVEST-GR | 2022-08-04 | $20,781 | -$1,247 | -$1,247 | $22,028 | ||
| VANGUARD SHORT-TERM INVEST-GR | 2022-11-08 | $20,062 | -$2,073 | -$2,073 | $22,135 | ||
| VANGUARD SHORT-TERM INVEST-GR | 2022-12-08 | $294,035 | -$24,206 | -$24,206 | $318,241 | ||
| VANGUARD TOTAL INTL BOND MKT IDX | 2022-12-08 | $389,147 | -$54,545 | -$54,545 | $443,692 | ||
| VANGUARD TOTAL BOND MKT IDX | 2022-12-08 | $578,070 | -$83,943 | -$83,943 | $662,013 | ||
| VANGUARD TOTAL STOCK MKT IDX | 2022-12-08 | $1,250,000 | $471,350 | $471,350 | $778,650 | ||
| CAPITAL GAINS DIVIDENDS | P | $4,355 | $4,355 | $4,355 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $266,642 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $16,286 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $16,286 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $16,286 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $11,430 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $10,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $21,430 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $4 | EsPenaltyAmt |
| Overpayment | $5,140 | OverpaymentAmt |
| Applied To ES Tax | $5,140 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | PA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANN T LOFTUS BALLARD SPAHR LLP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2158648175 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1735 MARKET ST FL51 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (10 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| ANN T LOFTUS | |||||||||
| C/O BALLARD SPAHR LLP 1735 MARKET | ST FL51 | PHILADELPHIA | PA | 19103 | CHAIR.& DIRECTOR | 1.50 | $0 | $0 | $0 |
| OLGA VISO | |||||||||
| C/O BALLARD SPAHR LLP 1735 MARKET | ST FL51 | PHILADELPHIA | PA | 19103 | VICE CHAIR. & DIRECTOR | 1.00 | $0 | $0 | $0 |
| JENNIFER GROSS | |||||||||
| C/O BALLARD SPAHR LLP 1735 MARKET | ST FL51 | PHILADELPHIA | PA | 19103 | SECRETARY & DIRECTOR | 1.00 | $0 | $0 | $0 |
| GAIL HARRITY | |||||||||
| C/O BALLARD SPAHR LLP 1735 MARKET | ST FL51 | PHILADELPHIA | PA | 19103 | TREASURER & DIRECTOR | 1.00 | $0 | $0 | $0 |
| PAULA MARINCOLA | |||||||||
| C/O BALLARD SPAHR LLP 1735 MARKET | ST FL51 | PHILADELPHIA | PA | 19103 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| LISA PHILIPS | |||||||||
| C/O BALLARD SPAHR LLP 1735 MARKET | ST FL51 | PHILADELPHIA | PA | 19103 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JOHN RAVENAL | |||||||||
| C/O BALLARD SPAHR LLP 1735 MARKET | ST FL51 | PHILADELPHIA | PA | 19103 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| MARK ROSENTHAL | |||||||||
| C/O BALLARD SPAHR LLP 1735 MARKET | ST FL51 | PHILADELPHIA | PA | 19103 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| PATTERSON SIMS | |||||||||
| C/O BALLARD SPAHR LLP 1735 MARKET | ST FL51 | PHILADELPHIA | PA | 19103 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JACOB VAN HEECKEREN | |||||||||
| C/O BALLARD SPAHR LLP 1735 MARKET | ST FL51 | PHILADELPHIA | PA | 19103 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $48,372,595 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $506,423 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $48,879,018 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $48,879,018 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $733,185 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $48,145,833 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,407,292 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,407,292 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $16,286 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $16,286 | TotalTaxAmt |
| Distributable Before Adj | $2,391,006 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,391,006 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,391,006 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,809,659 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $3,809,659 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,391,006 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $1,141,677 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,174,264 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $142,107 | ExcessDistributionCyovYr3Amt |
| Total Excess Distribution Cyov | $2,458,048 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,809,659 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $2,391,006 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,418,653 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $3,876,701 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $1,141,677 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $2,735,024 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,174,264 | ExcessFromYear4Amt |
| Excess From Year3 | $142,107 | ExcessFromYear3Amt |
| Excess From Current Year | $1,418,653 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BOWDOIN COLLEGE | |||||||
| 255 MARINE ST | BRUNSWICK | ME | 04011 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $300 |
| COLLEGE OF THE ATLANTIC | |||||||
| 105 EDEN ST | BAR HARBOR | ME | 04609 | NONE | PUBLIC CHARITY | 2022 ARTIST IN RESIDENCE PROGRAM | $1,026,000 |
| PHILADELPHIA MUSEUM OF ART | |||||||
| 2600 BENJAMIN FRANKLIN PARKWAY | PHILADELPHIA | PA | 19130 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $1,000,000 |
| SKOWHEGAN SCHOOL OF PAINTING & SCULPTURE | |||||||
| 136 WEST 22ND ST | NEW YORK | NY | 10011 | NONE | PUBLIC CHARITY | 75TH ANNIVERSARY CAMPAIGN | $125,000 |
| THE FABRIC WORKSHOP AND MUSEUM | |||||||
| 1214 ARCH ST | PHILADELPHIA | PA | 19107 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $1,586,937 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,738,237 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $996,972 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $266,642 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,263,614 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,263,614 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | BALLARD SPAHR | CategoryTxt |
| Amt | $5,540 | Amt |
| Net Investment Income | $5,540 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (8 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| VANGUARD INTERMEDIATE-TERM INV GRADE ADMIRAL | AT COST | $1,873,586 | $1,546,664 |
| VANGUARD SHORT-TERM INV GRADE ADMIRAL | AT COST | $2,665,610 | $2,455,458 |
| VANGUARD TOTAL INT'L. BOND INDEX ADMIRAL | AT COST | $3,716,297 | $3,128,925 |
| VANGUARD TOTAL INT'L. STOCK INDEX INST. | AT COST | $11,355,710 | $11,867,538 |
| VANGUARD TOTAL BOND MARKET INDEX INST. | AT COST | $5,544,705 | $4,731,833 |
| VANGUARD TOTAL STOCK MARKET INDEX INST. | AT COST | $12,354,240 | $19,138,123 |
| 99% INT. (LIMITED PARTNER) IN MUSEUM 1214 LP | AT COST | $3,762,000 | $3,762,000 |
| 1% INT. (GENERAL PARTNER) IN MUSEUM 1214 LP | AT COST | $38,000 | $38,000 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | BALLARD SPAHR | CategoryTxt |
| Legal Fees | $12,279 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $12,279 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| ADMINISTRATIVE EXPENSES PAID LAST YEAR CLEARED CURRENT YEAR | $10 |
| GRANTS PAID LAST YEAR CLEARED CURRENT YEAR | $74,006 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| CHUBB - NET INSURANCE PREMIUM FOR DIRECTORS' & OFFICERS' LIABILITY COVERAGE | $2,506 | $0 | $2,506 |
| PNC CHECKING ACCOUNT SERVICE FEES | $86 | $0 | $86 |
| RSC INSURANCE BROKERAGE INC - INSURANCE PREMIUM FOR FINE ARTS | $1,147 | $0 | $1,147 |
| VANGUARD - INVESTMENT MANAGEMENT FEES | $86,423 | $86,423 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADMINISTRATIVE EXPENSES PAID IN YEAR CLEARED NEXT | Desc |
| Amt | $2,333 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | JUDITH SAGAL - MANAGE CONSIGNED ARTWORK | CategoryTxt |
| Amt | $1,388 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $1,388 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PRIOR YEAR EXCISE TAX | $0 | $0 | $0 |
| CURRENT YEAR ESTIMATED EXCISE TAX | $8,500 | $0 | $0 |
| MUSEUM 1214 - REAL ESTATE TAX | $48,557 | $0 | $48,557 |
Comments